Netscape

Developed enterprise software solutions

Description

Netscape, or more precisely, Netscape Navigator, was one of the most significant internet applications in the history of the web. It was launched by Marc Andreessen and Jim Clark. Having built a highly innovative product and having no real competition back in 1995, the company was evaluated at $3 billion since the first day it went public and would go on to become one of the backbones to the Mozilla project.

Stats

Category

Productivity

Country

United States

Started

In 1994

Closed

By 2008

Number of Founders

Three

Name of Founders

James Clark, Jon Mittelhauser, Marc Andreessen

Number of Employees

Between 5001 And 10000

Number of Funding Rounds

1

Total Funding Amount

No Data

Number of Investors

1

Precise Cause of Failure

Poor Product

Business Outcome

Shut Down

Cause of Failure

Despite its early
success, Netscape had no real chance to beat Microsoft who released IE 1.0 soon
after Netscape and continued on improve on it until they finally took over
Netscape and were able to offer a consistently better product than their
counterpart.

Netscape
eventually becomes obsolete for the most part but was, however, acquired by AOL
in November 1998 for $4.2 billion. After the hire, the company tried again to
release upgraded versions of the browser but the battle seemed to have already
been won by Microsoft. Netscape finally decided to outsource their code which
would later give rise to Firefox. AOL finally shut down Netscape in 2008.

A big resource for entrepreneurs and startup owners, in which we have collected and analyzed why +100 big companies have failed. Learn from mistakes, and avoid being part of the 90% of businesses that fail.

Netscape, or more precisely, Netscape Navigator, was one of the most significant internet applications in the history of the web. It was launched by Marc Andreessen and Jim Clark. Having built a highly innovative product and having no real competition back in 1995, the company was evaluated at $3 billion since the first day it went public and would go on to become one of the backbones to the Mozilla project.

Cause of Failure

Despite its early
success, Netscape had no real chance to beat Microsoft who released IE 1.0 soon
after Netscape and continued on improve on it until they finally took over
Netscape and were able to offer a consistently better product than their
counterpart.

Netscape
eventually becomes obsolete for the most part but was, however, acquired by AOL
in November 1998 for $4.2 billion. After the hire, the company tried again to
release upgraded versions of the browser but the battle seemed to have already
been won by Microsoft. Netscape finally decided to outsource their code which
would later give rise to Firefox. AOL finally shut down Netscape in 2008.